Friday, July 27, 2007

EU backs cutting duties on Chinese light-bulbs

...While he declined to say which countries wanted to keep the duties, Power said that German lightning company Osram, a subsidiary of Siemens, had sought a renewal.

Although Osram itself produces some light-bulbs for the European market in China, it sought to have the duties renewed because they hit Dutch rival Philips even harder since it has more production in China.

And that, gentle reader, is how the world works.

Wait till we go into that smoky room to divvy up cap-and-trade.Little piggies at the trough.